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capitalcleanenergycarriers .com October 30, 2026 Q3 2026 EARNINGS PRESENTATION
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2 Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook, objectives and projections with respect to future matters, including, among other things, the expected financial performance of CCEC’s business, the effect of our conversion from a limited partnership to a corporation, CCEC’s expectations or objectives regarding future dividends, share repurchase and market and charter rate expectations. These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in CCEC’s annual report on Form 20-F filed with the SEC on April 27, 2026. Any forward-looking statements made by or on behalf of CCEC speak only as of the date they are made. Unless required by law, CCEC expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. You are cautioned not to place undue reliance on forward-looking statements.
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Q3 2026 Highlights 01 www.capitalcleanenergycarriers.com
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Third Quarter 2026 Highlights • Delivery of 3 vessels - 1x LNG Carrier, 1x Handy Liquefied CO2 Multi-Gas Carrier & 1x dual-fuel Medium Gas Carrier • Secured new employment for two LNG/Cs and four gas carriers, including a one-year index-linked time charter for one of the six LNG/Cs under construction and a one-year time charter for the MG/C Aridaios • Achieved Q3 TCE rates of $83,862 per day for the LNG/C fleet & $40,987 per day for the Gas Fleet • Q3 2026 dividend of $0.15 per share represents 78th consecutive quarterly cash dividend paid since 2007 IPO • Financial Performance & Operating Highlights: • Net Income for Q3 2026 from continuing operations: $34.6 million • CCEC is now the largest US-listed LNG shipping company1 with $2.8bn in firm contracted revenues and up to $4.2bn, if all charter options are exercised2. 1. By number of vessels 2. As of September 30, 2026 4
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Financials 02 www.capitalcleanenergycarriers.com
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Higher operating expenses and depreciation reflect the larger fleet Statement of Income – Highlights For the Three-Month Period Ended For the Three-Month Period Ended September 30, 2026 September 30, 2025 Revenues, net 138,135 95,605 Expenses: Voyage expenses 8,999 2,241 Vessel operating expenses 22,136 17,430 Vessel operating expenses – related parties 3,794 2,295 General and administrative expenses 3,930 3,599 Vessel depreciation and amortization 30,447 21,793 Operating income, net 68,829 48,247 Other (expense) / income, net: Interest expense and finance cost (33,703) (25,500) Other expense, net (482) (65) Total other expense, net (34,185) (25,565) Net income from continuing operations 34,644 22,682 Net (loss)/income from discontinued operations (33) 1,078 Net income from operations 34,611 23,760 Revenue up 44%, with 19.7 vessels on average vs 13.0 last year1 Key commentary Interest cost up $8.2 million on higher average indebtedness 3 2 6 Net income from continuing operations up 52% to $34.6 million4 USD thousands
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Balance Sheet – Highlights Total Cash at $287 million (incl. restricted) Total Debt at $3.2bn ; Net Leverage Ratio 1 of 55.2% 1 3 Key commentary As at end As at end September 30,2026 December 31, 2025 Assets Current Assets 310,386 426,005 Fixed Assets 4,529,694 3,570,778 Other Non-Current Assets 100,502 98,331 Total Assets 4,940,582 4,095,114 Liabilities andShareholders’Equity Current Liabilities 266,560 309,524 Long-Term Liabilities 3,087,273 2,286,223 Total Shareholders’ Equity 1,586,749 1,499,367 Total Liabilities andShareholders’ Equity 4,940,582 4,095,114 1. As defined in our financing agreements adjusted for the fair market value of our vessels; market value of vessels being the average of values indicated by two independent appraisers 7 Shareholders' equity up $87 million to $1.6bn, +6% year to date4 Total Vessels Book Value at $4.5bn $501 million in NB advances2 USD thousands
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CCEC Capital Expenditure Program Newbuilding program well supported Notes: 1. Newbuilding Program reflects the total acquisition price of the remaining vessels CCEC acquired and has agreed to acquire, and has not taken delivery of, as of September 30, 2026 2. Cash as of September 30, 2026 3. Capex paid includes all advances made in relation to our Newbuilding Program as of September 30, 2026 4. Debt basis agreed financing terms. We assume 70% debt financing of acquisition price for the remaining LNG/Cs Source: CCEC 8 1,935 186 -287 -501 -1,334 Newbuilding Program¹ Cash² Capex paid³ Debt⁴ Net Equity Inflow -500 0 500 1,000 1,500 2,000 2,500 $ million
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LNG Market Update 03 www.capitalcleanenergycarriers.com
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UNDER CONSTRUCTION FIRM EMPLOYMENT OPTIONS OPEN / SPOT VESSEL STATUS FIRM EXPIRY 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 1. ATTALOS FIRM NOV 2027 2. ARISTOS I FIRM NOV 2027 3. ARISTIDIS I FIRM JAN 2028 4. AMORE MIO I FIRM FEB 2037 5. ADAMASTOS FIRM OCT 2028 6. ASTERIX I FIRM FEB 2030 7. ARISTARCHOS FIRM JUN 2031 8. ASKLIPIOS FIRM SEP 2031 9. AXIOS II FIRM JAN 2032 10. ASSOS FIRM MAY 2034 11. AKTORAS FIRM JUN 2031 12. APOSTOLOS FIRM DEC 2034 13. ARCHIMIDIS FIRM DEC 2033 14. AGAMEMNON FIRM APR 2034 15. ALCAIOS I FIRM JAN 2028 16. ANTAIOS I OPEN — 17. ATHLOS FIRM DEC 2034 18. ARCHON OPEN — 19. AMFIALOS OPEN — 20. AMFILOCHOS OPEN — 21. AMISSOS OPEN — 30 Oct 2026 Source: CCEC CCEC LNG Fleet – Time Charter Book Strong charter coverage with optionality for future market developments 21 LNG CARRIERS IN FLEET: 15 on the water / 6 on order $2.7bn CONTRACTED BACKLOG LNG/C ONLY 6.4 yrs AVG FIRM DURATION $4.0bn BACKLOG INCL. OPTIONS LNG/C ONLY 9.4 yrs DURATION INCL. OPTIONS 10 INDEX
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LNG markets rebalancing after the outbreak of war US stepping up to partially offset the loss of supply from the Middle East Source: Affinity • Qatari and wider Middle East flows remain reduced following the conflict, with disruption around the Strait of Hormuz. Despite this, total global exports from non ME sources are up YoY , supported by growth from the US, Canada and West Africa. • LNG exports fell 1.3% (↓4.17 MM t) between 9M-2025 and 9M-2026, as record US output and new project start-ups absorbed most, but not all, of the loss of Gulf supply. • YoY , project expansion has allowed the US to increase output by roughly 8 cargoes per week, which offsets roughly 40% of the loss the global market is experiencing from Qatar. • LNG imports fell 1.7% (↓5.39 MM t) YoY in 9M-2026. North Asia, Europe and Qatar dependent buyers cut back as prices rose, while Egypt, Thailand, India and Taiwan grew. 11 305.16 310.87 (39.86) (0.47) 0.37 0.84 1.59 2.37 3.15 4.57 6.49 16.78 306.70 Incremental LNG exports by region, 9M (MM t) 301.80 308.40 (3.33) (2.94) (2.18) (2.10) (1.51) (0.68) (0.06) 0.85 1.76 4.80 303.01 Incremental LNG imports by region, 9M (MM t)
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EU gas storage at historic lows ahead of winter Backwardation in the market during Q3 has not incentivised replenishing of stocks ahead of winter • EU storage: 74% full (831.9 TWh) as of October 11, 2026 , around 11 percentage points lower YoY . • Key NW European markets are substantially lower: Germany 60% and the Netherlands 62% • Low starting inventories and constrained Middle East LNG supply have limited summer replenishment; Europe is expected to enter November only 75–78% full, around 10 percentage points below the five-year average. • Winter volatility risk is elevated: lower inventories increase dependence on LNG, leaving TTF more sensitive to cold spells, global LNG competition and supply disruptions. A cold winter could push stocks to 10–15% which further exacerbates the issue into next year's pricing. • Global Gas prices at 4-year highs exacerbate the boil-off cost and it is exactly in market conditions like these that modern, efficient vessels like ours can lead to significant savings and efficiencies to our Charterers. • At 30$/mmbtu, this saving can be up to 100,000$/day for a charterer. 12 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1 5 9 13 17 21 25 29 33 37 41 45 49 Week EU storage fill level (%), by week Range 2021–2023 2024 2025 2026 Source: GIE
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Supply growth extends into the early 2030s US liquefaction capacity expected to exceed c. 260 mtpa by 2031 Source: Affinity 13 145.2 165.2 170.0 170.8 171.2 171.9 174.8 177.7 187.9 198.0 203.2 205.9 209.6 219.2 220.6 220.6 220.6 96.1 96.8 97.0 102.5 108.3 109.0 109.8 113.1 116.1 124.2 131.0 133.4 133.4 133.4 133.4 133.4 133.493.5 93.5 93.5 93.5 93.8 96.7 97.0 97.0 36.8 82.8 119.3 144.9 155.1 160.2 172.2 175.2 175.2 23.8 39.8 67.1 71.3 83.9 91.5 91.5 108.0 128.7 145.4 177.7 200.6 232.3 256.7 260.4 260.4 260.4 31.0 103.9 156.0 169.9 175.5 358.5 395.3 427.6 438.0 457.2 469.0 473.0 495.8 469.4 550.4 631.2 687.9 761.3 873.4 942.5 959.3 965.0 0 200 400 600 800 1,000 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 mtpa Global liquefaction capacity by region, 2018–2034 (mtpa) APAC Atlantic (excl. USA) East Africa / Middle East USA FID imminent
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Term Market Term curve dips into 2027 before recovering in 2028 Source: Affinity 14 $0k $20k $40k $60k $80k $100k $120kThousand USD per day One Year Three Years Five Years • Term rates are holding well above spot, with the curve dipping into 2027 before recovering into 2028, as charterers turn to index-linked deals and a stream of 2027 tonnage comes open • Forward rates weaken into 2027 before recovering in 2028, with Cal-26 averaging $68,900/day versus $49,500/day for Cal-27 and $58,600/day for Cal-28 • Long-term rates remain supported by newbuild economics, with five-year rates for prompt newbuilding deliveries around $75,000/day fixing in the high-$70,000s to mid-$80,000s/day, well above one-year rates around $55,000/day during Q3 • Market attention is shifting toward 2027 availability, when around 64 vessels could become open, including 18 uncommitted newbuilds
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Supply/demand inflection point still in 2028 Cumulative LNG vessel supply versus demand 0 100 200 300 400 500 600 700 800 2025 2026 2027 2028 2029 2030 2031 Net fleet growth (deliveries less scrapping) Vessels required — FID projects Vessels required — FID plus committed Source: Poten & Partners. Cumulative from 2025; net of expected scrapping 15 Number of LNG carriers
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MGC Market Update & Strategy 04 www.capitalcleanenergycarriers.com
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LCO2 CARRIER DUAL-FUEL LPG (MGC) DELIVERED Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027VESSEL TYPE / SIZE TODAY 30 OCT ACTIVE ✓ LCO2 22,000 cbm DELIVERED JAN 2026 AMADEUS ✓ LCO2 22,000 cbm DELIVERED APR 2026 ARISTOGENIS ✓ MGC 45,000 cbm DELIVERED JUN 2026 ARIDAIOS ✓ MGC 45,000 cbm DELIVERED JUL 2026 ALKIMOS ✓ LCO2 22,000 cbm DELIVERED SEP 2026 ATHENIAN LCO2 22,000 cbm JAN 2027 ARATOS MGC 45,000 cbm JAN 2027 ANIOS MGC 40,000 cbm MAR 2027 AGENOR MGC 45,000 cbm MAR 2027 ANDRIANOS MGC 40,000 cbm JUL 2027 CCEC Gas Fleet – Delivery Schedule All 2026 newbuilds delivered and employed 17
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Source: broker 1-year TC assessments, 2026 weekly. Weekly values approximated from source charts except start/end points. LPG Earnings by Vessel Size and Capability Larger sizes firmed sharply on VLGC strength; semi-refs held flat as C2-capable ships entered the LPG pool 18Source: broker one-year TC assessments, 2026 weekly. Weekly values approximated from source charts start/end points
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Handy Market – Q3 Update J U LY Spot $15–20k/day TCE Long West list as MGCs became available, while the closing C2 arb pushed ethylene-capable units into the LPG pool A U G U S T Spot $30–35k/day TCE Active market: limited MGC tonnage and strong C2 demand kept ethylene- capable ships employed S E P T E M B E R Spot $40–45k/day TCE Quick turnaround as MGC availability sold out – two Handies were needed for every MGC stem $30,000 $31,000 $32,000 $33,000 $34,000 $35,000 $36,000 Wk 27 Wk 28 Wk 29 Wk 30 Wk 31 Wk 32 Wk 33 Wk 34 Wk 35 Wk 36 Wk 37 Wk 38 Wk 39 Reporting week, July–September 2026 1-year TC assessment, 22k Handysize, $/day, Q3 2026 22k Semi-ref ($31.0k → $31.7k) 22k Ethylene ($34.4k → $34.0k) Semi-ref rates flat in Q3 as C2-capable ships entered the LPG pool Source: broker one-year TC assessments and spot TCE reports, 2026 weekly 19
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Medium Gas Carriers – Q3 Update J U LY Spot $62k/day TCE Owner tonnage scarce; trader relets were the main supply. Hormuz closed again after a brief reopening, lifting VLGCs and MGCs A U G U S T Spot $63.5k/day TCE US August positions fully committed, pushing the fixing window over a month ahead. Brief September length as VLGCs dipped on Hormuz talks S E P T E M B E R Spot $79.5k/day TCE A flurry of fixing cleared the list, with 12-month TCs and extensions concluded; no owner tonnage in the US until November $34,000 $36,000 $38,000 $40,000 $42,000 $44,000 Wk 27 Wk 28 Wk 29 Wk 30 Wk 31 Wk 32 Wk 33 Wk 34 Wk 35 Wk 36 Wk 37 Wk 38 Wk 39 Reporting week, July–September 2026 1-year TC assessment, 38k/40k MGC, $/day, Q3 2026 40k FR ($38.5k → $43.2k) 38k FR ($35.6k → $39.8k) MGC rates stepped up ~$4–5k/day in Q3 as the position list sold out Source: broker one-year TC assessments and spot TCE reports, 2026 weekly 20
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Thank You for your attention www.capitalcleanenergycarriers.com